Canaccord Genuity Cuts Source Energy Services (SHLE) Price Target to C$11.00

Source Energy Services (TSE:SHLE) had its price objective cut by Canaccord Genuity from C$11.50 to C$11.00 in a research note published on Friday, March 16th. They currently have a buy rating on the stock.

Other analysts have also recently issued reports about the company. CIBC lowered their price target on Source Energy Services from C$12.50 to C$11.00 in a research report on Wednesday, February 21st. Royal Bank of Canada decreased their target price on Source Energy Services from C$10.00 to C$9.00 and set an outperform rating on the stock in a report on Friday, March 16th. Six investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of C$10.75.

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SHLE opened at C$4.68 on Friday. Source Energy Services has a 1 year low of C$4.51 and a 1 year high of C$10.80.

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About Source Energy Services

Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand primarily to the Western Canadian Sedimentary Basin. The company was founded in 2017 and is headquartered in Calgary, Canada.

Analyst Recommendations for Source Energy Services (TSE:SHLE)

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